The Market On Monday

At 7:10 a.m. futures are ever so slightly up, the dollar is down against the euro, yen, and pound, and the price of oil per barrel is down.

Talk about confusion, Reuters' pre-market article is suggesting that markets will fall at the open, while CNN is saying the opposite.

If futures remain steady as is, it might open sideways. Also if the market gains it would be because of something unclear at this point, like Bernanke's comments or Apple's projections.

I do not expect to see the market do a whole lot this week, just the opposite. Europe is in trouble and the employment aspect of the US is miserable at best it is a jobless recovery as we have heard. Reality is what it is.

CNN: Stocks set to rebound

BP U.S. shares rose nearly 4% in premarket trading after the company said it was capturing about half of the oil from the 7-week-old Gulf spill.


The euro regained earlier losses and was up slightly against the dollar. The greenback was also down versus the British pound and Japanese yen.


U.S. light crude oil for July delivery fell 7 cents to $71.44 a barrel.